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Northbrook, IL Real Estate News

By Bryce Fuller
(Coldwell Banker Residential Brokerage)
When I work with my clients, I sometimes hear the phrase "Well, I'm not going to GIVE away my home!" My response is often "You will never give away your home. The market won't let you." Allow me to explain...There is simply no such thing as UNDER PRICING A HOME! You see, the laws of economics will prevent a home from selling under market value. If a home is truly priced way under the average sales price in the area, the buyers will flock to it and you will receive multiple offers and one of these offers will be the highest price and that highest price IS THE MARKET VALUE OF THE HOME! Remember, a home is only worth what a buyer will pay for it. As you can see, market value is exactly where supply meets demand. If there are a large amount of homes available on the market, the inventory go...
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By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
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By Bryce Fuller
(Coldwell Banker Residential Brokerage)
Bryce Fuller of "The Fuller Force" at RE/MAX North Here! Thanks for checking out the current real estate market conditions in Northbrook, Illinois! I run this analysis each and every month like clockwork and wanted to share it with you. If you have any questions about this, please don't hesitate to contact me either by my direct cell phone at 847-208-7888 or via email at cbrycefuller@remax.net. You can also check out my homepage at http://www.cbrycefuller.com/ for more information about searching for a home in Northbrook, Glenview, Deerfield or any other Chicagoland North Shore community.  There are also forms to fill out for a 100% Free Home Value Analysis if you are thinking about selling your home as well! Currently, there are...233 Single Family Homes Available for Sale in Northbroo...
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By Bryce Fuller
(Coldwell Banker Residential Brokerage)
Bryce Fuller from RE/MAX North Here! Thanks for checking out the current real estate market conditions in Northbrook, Illinois! I run this analysis each and every month like clockwork and wanted to share it with you. If you have any questions about this, please don't hesitate to contact me either by my direct cell phone at 847-208-7888 or via email at cbrycefuller@remax.net. You can also check out my homepage at http://www.cbrycefuller.com/ for more information about searching for a home in Northbrook, Glenview, Deerfield or any other Chicagoland North Shore community.  There are also forms to fill out for a 100% Free Home Value Analysis if you are thinking about selling your home as well! Currently, there are...270 Single Family Homes Available for Sale in Northbrook. The average askin...
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By Bryce Fuller
(Coldwell Banker Residential Brokerage)
So, you've got an accepted offer.You've negotiated the inspection items.The attorneys' have approved the contract. ... and you're all done now right? WRONG.In today's times of crazy financing and fluctuating interest rates, the deal isn't a done one yet. There is still the mortgage contingency that has to be worked out.  In better markets of several years past, financing was a foregone conclusion. Now, however, financing is more and more difficult to secure. The lenders are pickier, and loans are getting pulled RIGHT AT THE CLOSING TABLE.As a seller, how can you protect yourself? There are a few things you can do. 1. Get a pre-approval BEFORE you accept an offer. NOT A PRE-QUALIFICATION. A pre-approval is where the lender pulls credit, verifies income and debt load, and has the client f...
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By Bryce Fuller
(Coldwell Banker Residential Brokerage)
Good question. The answer is very simple. Your home is worth what a buyer is willing to pay for it. That's it. There is NO OTHER formula. Appraisers can give you an IDEA of what it might be worth, but just ask your appraiser to buy it for what they appraise it for!A Real Estate agent can give you a "CMA" or Comparative Market Analysis or sometimes called Competitive Market Analysis. This analysis will show you what other similar homes are on the market for, what they are under contract for, and what they have sold for. The real estate appraiser will use this exact same system to give you an opinion of value as well.Again, remember... a real estate agent isn't going to buy your home! The trick to pricing a home is to find the price at which a buyer will make you an offer to purchase... Y...
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By Ken Smith
(Suburban House Hunters)
The condo market in Northbrook, IL currently has 49 condos on the market and there is about a 20 month inventory.  Currently listed: 81Under Contract: 10Sold in last 90 days: 12Low Price: $143,500High Price: $597,620Sellers need to be prepared for long market times and need to keep there condo clean and ready to be shown at all times. If you want your condo sold make sure to make as easy as possible for potential buyers to see it. That means never turning down a showing and always having the condo ready to be shown before leaving the house in the morning.For more information about Northbrook Condos and tips to get your home sold fast visit SuburbanHouseHunters.com
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By Ken Smith
(Suburban House Hunters)
The single family market in Northbrook, IL currently has 309 homes on the market and there is about a 29 month inventory. This is a buyers market for sure at this point. With over 2 years of inventory your home better be priced right, clean, and staged to get a sale. Currently listed: 309Under Contract: 28Sold in last 90 days: 31Low Price: $349,900High Price: $3,950,000For more information about Northbrook real estate visit SuburbanHouseHunters.com
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